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Home My WebLink About0983 ~ ~ , ~ ~ ~o ~inue and to ~ntd 1{~P same, fuy~f~~er wil~? 1{?e fenempnts, ~}tret~ilumenls ah~ uppu?!e ~ ~~ruires I~~~r~to h~jor~{~irip. an~ f~~e rnnts. issues nnc~ nrojifs Iharno~, unlo I~~e morfpngee. in ~PP simple. t llnd !he morf~~~~or ~o~~~•~~nnls u~iih Ihe mortgaflee that the morlga~or is ind~~ea~ibly svized of said ~ ~an~~ in (~p simp~N; fhnf !he morfgagor has ~ooc~ rig{~t and ~aw~u~ auf{?orily !o ronvey saic~ ~anr~ as u~ore- i SGI(1: Ii1pt liu+ fii0iiyuyGP ii%i~: iiu~'2 0.+:~: CSS::rnnr~.e 1n npr~qfl tI1P ~PP ~IRIP~P IIIIe (O soid land tfl the ~ morfyagee as man reasona6ly 6e ?equired: tF~at the mortgago~ hereby ~ul~y u~arrnnts the title to saicl land ~~id u~ill de~en~l t{~e same against tf~e lau~~ul claims o~ all person~ u~homsoever: and thnt said lund is f ree anc~ c~ear o~ a~l Pncumhrancea exeep~ aeeruing taxes. i PROVIDED ALWAYS: that if said mortgagor shall pay unto said mortgagee the certain promissory note hereinafter substantially copied or I identified, to-wit: S 20,000.00 ~ 91~ Fort Pieroe, Ftorida May 2~Y`d 19 85 For vafue received, I, we, or either of us, promise to pay without defalcation ta the order of • Harris Construction Corporation, As Trustee , at the office of the payoe herein in Fort Pierce, Florida or at such other place as the payee herein shall desigRate i~ wtiting, the sum of S 20 , 000 . 00 with interest from date at the rate of 15 . 0 yL per annum, payable in monthly installments as follows, to-wit: ~ 3Z2 • 67 on the lst day of July 1q85 and a like sum on the corresponding day of each like succeeding month thereafter until paid in full ? In the event any amounts currently due and/or past due under the terms of this note are not paid ~ by the~~5th day of the month, a late penalty of 5.0% of the combined amounts cvrrently due and/or past due, will be added to and collected with whatever amounts are due far the month in question. If ~ currently due and/or past due payments or parts thereof under the terms of this note remain unpaid ~ at the en~d any month, then said unpaid amount will be carried forward and added to the amourrts = coming due undcr the terms of this note for subsequent months for the purpose of calalatirq wbsequent ~ late penalties. Amounts due under ihe terms of this note are undentood fo be but nof limited to. ~ (1) Regularly amortized interest and principal paymants. ~ (2) Ciry and/or county taxes when paid by the payee herein. (3) Insurance premiums when paid by the payee herein. (4) Senior mortgage payments when paid by the payee herein. ' (5) Street, sewer and water liens when paid by the payee herein. Each instatlment first shall be applied in ihe payment of the interest and fhen ort the unpaid bal- ance of the principal sum. If default is made in the payment of any installment when due, tl~en st the ~J option of the holder, and without any other notice, all the remaining installments shall be due and payable at once. Privilege is given to pay two or more installments at any installment maturify date, but this shsll not extend the time of maturity of any subsequent installment. Neitfier forbeararxe, nor aaeptarx~e by the hold~r hereof after any default in any payment hereon, shal) be deemed extension. ~ Each maker, surety and endorser hereof, jointly and severally, waives demand, prese~tment, ~ protest and notice of protest for nonpayment, and further agreef to any extension of time of paymant, ~ either before or after maturity, without notice to any of us; and to pay all cosri of coliection, including a ~ reasonable attorney's fee in the eve~t of any default hereunder. WITNESS THE HANDS AND SEAL OF EACN PARTIf. ~s/Augustus Johnscn Jr. ugus us o nson r. (SE/?l) (~?U i B~(~K `tUU PAGE e~0•~ , . ~ ~ ; q - - u., . ~ ~ ~ '